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The Bitcoin-to-gold ratio has strengthened because Bitcoin spent the past year in a “stagnant stage,” while gold enjoyed a “tremendous year,” according to Lyn Alden.
Bitcoin doesn’t need to wait for a pullback in gold and silver prices to continue its upward trajectory, according to analysts.
“Surprisingly unpopular opinion,” Glassnode lead analyst James Check said after making the statement in an X post on Friday, adding that Bitcoiners who think otherwise “don't understand any of these assets.”
Echoing a similar sentiment, macroeconomist Lyn Alden said in a podcast published to YouTube on Saturday that while “a lot of people phrase it as competition,” she is “not in that camp.”
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